Q1 26 EPS
$0.14
MISS 77.26%
Est. $0.62
Q1 26 Revenue
$3.66B
MISS 5.92%
Est. $3.89B
vs S&P Since Q1 26
-5.5%
TRAILING MARKET
FLR -4.5% vs S&P +1.0%
Market Reaction
Did FLR Beat Earnings? Q1 2026 Results
Fluor Corporation delivered a sharply disappointing first quarter for fiscal 2026, with adjusted EPS of just $0.14 missing the $0.62 consensus estimate by 77.26% and revenue of $3.66 billion falling 5.92% below expectations while declining 8.0% year-… Read more Fluor Corporation delivered a sharply disappointing first quarter for fiscal 2026, with adjusted EPS of just $0.14 missing the $0.62 consensus estimate by 77.26% and revenue of $3.66 billion falling 5.92% below expectations while declining 8.0% year-over-year. The primary culprits were a $96.00 million charge tied to a court ruling on the long-running LOGCAP qui tam lawsuit and a $37.00 million cost overrun on a mining project in the Americas, together dragging adjusted EBITDA down to $61.00 million from $155.00 million a year ago. On a GAAP basis the picture was brighter, with net earnings of $160.00 million reversing a prior-year loss of $241.00 million, aided by asset sale gains and equity method earnings. Looking ahead, management narrowed full-year 2026 adjusted EBITDA guidance to $525.00 million to $560.00 million, citing the mining charge and a temporary project slowdown from Middle East geopolitical pressures, while recent contract wins across nuclear, data centers, and mining continue to reinforce the company's longer-term pipeline.
Key Takeaways
- • Urban Solutions revenue growth driven by increased project execution activity
- • Energy Solutions segment profit up to $74 million from $47 million, driven by favorable close-out items on three projects
- • $96 million litigation charge from LOGCAP qui tam court ruling impacting Mission Solutions
- • $37 million cost overrun on a mining project in the Americas impacting Urban Solutions
- • $124 million gain on sale of CFHI fabrication yard in China
- • Operating cash flow improvement to $110 million from ($286) million, driven by JV project dividends
- • Equity method earnings of $51 million vs losses of $393 million a year ago
FLR Forward Guidance & Outlook
Fluor narrowed its full-year 2026 adjusted EBITDA guidance from $525–$585 million to $525–$560 million, reflecting Q1 cost growth on a mining project in the Americas and a temporary slowdown on another project due to Middle East geopolitical concerns. The rest of the business continues to deliver at or above expectations. Full-year operating cash flow guidance of $300 million is maintained. The company is targeting $1.4 billion in share repurchases for 2026. No forward-looking GAAP EPS guidance is provided.
FLR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FLR Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am encouraged by the significant number of new awards we secured in recent months across diverse markets, including gas-fueled and nuclear power, refining, data centers, mining, and uranium enrichment. Our pipeline of work is expanding, and we see compelling opportunities across each of our core markets.”
— Jim Breuer, Q1 2026 Earnings Press Release
FLR Earnings Trends
FLR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FLR EPS Trend
Earnings per share: estimate vs actual
FLR Revenue Trend
Quarterly revenue: estimate vs actual
FLR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.62 | $0.14 | -77.26% | $3.66B | -5.92% |
| Q4 25 MISS FY | $0.34 | $0.33 | -3.57% | $4.18B | -2.21% |
| FY Full Year | $2.20 | $2.19 | -0.36% | $15.50B | -1.40% |
| Q3 25 BEAT | $0.45 | $0.68 | +51.18% | $3.37B | -19.75% |
| Q2 25 MISS | $0.56 | $0.43 | -23.26% | $3.98B | -12.55% |
| Q1 25 BEAT | $0.50 | $0.73 | +45.94% | $3.98B | -4.67% |